ICT Killzones & MacrosICT Killzones & Macros (v1.1.5) — configurable ICT session windows + refined “macro” windows with live High/Low levels, optional extensions, next-window previews, and lightweight opening-price lines. Built to be clock-robust, timezone-aware, and performant on intraday charts.
Tip: All times are interpreted in your chosen IANA timezone (default: America/New_York) and auto-handle DST. You can rename, recolor, enable/disable, and retime every window.
What it plots
- Killzones (5) : Asia (19:00–02:00), London (02:00–05:00), NY AM (07:00–09:30), London Close (10:00–12:00), NY PM (13:30–16:00) — full-height boxes with optional header.
- Macros (8) (defaults tailored for common ICT “refined” windows): Asia-1 (18:00–21:00), Asia-2 (21:00–00:00), London-1 (01:00–04:00), AM-1 (09:45–10:15), AM-2 (10:45–11:15), Lunch (12:00–13:00), PM-1 (13:30–14:30), Power Hour (15:10–16:00).
- Live High/Low lines for the current Macro/Killzone window.
- Optional HL extension to the right until price crosses or the trading day rolls (style selectable).
- “Next” previews : earliest upcoming Macro and Killzone header; optional next-window background band.
- Opening Prices (3 lightweight time lines) : defaults 00:00, 08:30, 09:30 with right-edge labels, scoped to a session you choose (auto-cleans at session end).
- Key inputs & styling
- General : Timezone (IANA), “Sessions to show” (per window) to keep only the last N completed windows.
- Header : height (ticks), gap (ticks), fill opacity, border width/style, text size/color, toggle “Next Macro/Killzone” headers.
- Boxes : global fill opacity, global border width/style (used by both Macros & Killzones).
- High/Low : show HL, HL line style, extend on/off + extension style, optional extension labels.
- Opening Prices : enable Time 1/2/3, set HH:MM for each, session window, per-line colors, style (dotted/dashed/solid), width.
- Per-window controls : each Macro/Killzone has Enable, Session (HHMM-HHMM), Label, Fill color.
How to use (quick start)
- Set Timezone to your preference (default America/New_York).
- Toggle on the Macros and Killzones you trade. Adjust session times if needed.
- (Optional) Turn on Extend High/Low to project levels until crossed/day-roll.
- (Optional) Enable Next… headers to see the next upcoming window at a glance.
- (Optional) Configure Opening Prices (00:00 / 08:30 / 09:30 by default) and the session over which they appear.
Behavior & notes
- Time windows are computed by clock, not by guessing bar timestamps, making them robust across brokers and timeframes.
- With HL extension on, the current window’s levels extend until crossed or the end of the trading day (in your timezone). With it off, completed windows keep static HL markers (limited by “Sessions to show”).
- “Sessions to show” applies per Macro/Killzone to automatically prune older windows and keep charts snappy.
- Opening-price lines exist only within the chosen “Opening Prices Session” and are removed when it ends (keeps charts clean).
Defaults (color cues)
Killzones: Asia (blue), London (purple), NY AM (green), London Close (yellow), NY PM (orange).
Macros: neutral greys with Lunch and PM accents out of the box (all customizable).
Performance tips
- Reduce “Sessions to show” if you scroll far back in history.
- Disable “Next…” previews and/or extension labels on very slow machines.
- Narrow the “Opening Prices Session” window to exactly when you need those lines.
Changelog highlights
- v1.1.5 : Internal refinements and stability.
- v1.1.3 : Live High/Low lines for current windows + optional extension.
- v1.1.2 : Added “next Killzone” preview (to match “next Macro”).
- v1.1.0 : Defaults updated (5 KZ, 8 Macros). Removed “snap-to-killzone” behavior.
- v1.0.0 : Independent Macro vs. Killzone rendering; cleaner header logic.
- Known limitations
If your chart warns about drawings, trim “Sessions to show”.
If your broker session times differ from NY hours, adjust the sessions or change the indicator timezone.
Credits & intent
Inspired by ICT timing concepts; provided for education/mark-up, not financial advice.
Built to be flexible so you can mirror your personal playbook and journaling workflow.
Cari dalam skrip untuk "session"
Elite Zone Master Pro - Advanced Multi-Session Trading System🚀 Elite Zone Master Pro - Advanced Multi-Session Trading System
🎯 ORIGINALITY & UNIQUE VALUE PROPOSITION
Elite Zone Master Pro is NOT a simple mashup of existing indicators. It's a proprietary trading system that combines three distinct methodologies into a unified, synergistic approach:
Multi-Session Zone Analysis - Original algorithm for tracking global market sessions
Dynamic Opening Range Breakout (ORB) - Enhanced ORB with bias-aware signal filtering
Advanced Fair Value Gap Detection - Proprietary FVG identification with smart mitigation tracking
🔧 Why This Combination Works
The power lies in how these components work together, not separately:
Session zones provide market context and volatility windows
ORB system identifies key breakout levels during optimal timeframes
FVG detection pinpoints precise entry locations within the ORB framework
Integrated bias system filters signals based on range direction momentum
🧠 DETAILED METHODOLOGY & CALCULATIONS
🌍 1. Multi-Session Zone Framework
What it does: Tracks and visualizes three major global trading sessions simultaneously.
How it works:
Dynamic zone tracking algorithm that calculates session highs/lows in real-time
Adaptive box rendering that expands/contracts based on actual price movement
Session overlap detection for identifying high-volatility periods
Time-weighted zone positioning using custom timezone calculations
Original concepts:
Simultaneous multi-session visualization (not found in standard session indicators)
Dynamic zone expansion based on volatility, not fixed time periods
Cross-session momentum analysis for bias determination
🎯 2. Enhanced Opening Range Breakout System
What it does: Identifies breakout opportunities from predefined session ranges with intelligent bias filtering.
How it works:
Multi-session ORB calculation: Supports US (16:30-16:45), EU (10:00-10:15), Asian (03:00-03:15), and custom sessions
Dynamic range establishment: Range is built in real-time during active session periods
Bias-aware signal filtering: Two-tier breakout system based on range midpoint momentum
Range direction analysis: Compares current range midpoint to previous session's midpoint
Original methodology:
Range Bias Calculation:
- If Current_Midpoint > Previous_Midpoint = Bullish Bias (+1)
- If Current_Midpoint < Previous_Midpoint = Bearish Bias (-1)
- If Current_Midpoint = Previous_Midpoint = Neutral Bias (0)
Signal Logic:
- Bullish Bias: Standard breakout above range high
- Bearish Bias: Enhanced breakout (range_high + 0.5 * range_width) for bullish signals
- Neutral Bias: Standard breakouts both directions
⚡ 3. Advanced Fair Value Gap (FVG) Detection
What it does: Identifies and tracks fair value gaps with automatic mitigation detection.
How it works:
Three-bar gap analysis: Compares current bar relationships to identify true gaps
Dynamic threshold calculation: Auto-adjusting sensitivity based on market volatility
Smart mitigation tracking: Automatically removes filled gaps from display
Directional bias integration: Color-codes gaps based on their directional implication
Proprietary algorithms:
Bullish FVG Criteria:
- Current_Low > High (gap condition)
- Close > High (confirmation)
- (Current_Low - High ) / High > Threshold (significance filter)
Bearish FVG Criteria:
- Current_High < Low (gap condition)
- Close < Low (confirmation)
- (Low - Current_High) / Current_High > Threshold (significance filter)
Mitigation Logic:
- Bullish FVG: Mitigated when Close < FVG_Low
- Bearish FVG: Mitigated when Close > FVG_High
📈 4. Session-Based Moving Average System
What it does: Calculates moving averages that reset and adapt to session boundaries.
How it works:
Session-aware length calculation: Effective length = min(bars_since_session_start, user_length)
Multiple MA types: EMA, SMA, RMA, WMA, VWMA with session-specific calculations
Dynamic smoothing: Adapts to session length for consistent signals across different session durations
🔄 INTEGRATED SYSTEM SYNERGY
🎯 How Components Work Together
Context Layer: Session zones provide market timing context
Setup Layer: ORB system identifies breakout opportunities within optimal timeframes
Entry Layer: FVG detection pinpoints precise entry levels
Filter Layer: Bias system ensures alignment with momentum direction
Confirmation Layer: Session MA provides trend confirmation
🧭 Signal Generation Process
Step 1: Session Analysis
- Identify active trading session
- Calculate session volatility metrics
- Establish range boundaries
Step 2: Range Bias Calculation
- Compare current vs previous range midpoints
- Assign directional bias (-1, 0, +1)
- Adjust breakout thresholds accordingly
Step 3: Breakout Detection
- Monitor price interaction with range boundaries
- Apply bias-specific breakout criteria
- Generate preliminary signals
Step 4: FVG Confirmation
- Scan for fair value gaps within range
- Validate gap significance using dynamic thresholds
- Provide entry refinement opportunities
Step 5: Signal Validation
- Cross-reference with session MA direction
- Ensure alignment with overall bias
- Output final trading signals
📊 PRACTICAL IMPLEMENTATION
🎯 Trading Strategy Framework
Setup Phase:
Configure session times for your timezone
Enable preferred sessions (US/EU/Asian)
Adjust FVG sensitivity based on instrument volatility
Execution Phase:
Wait for range establishment during active session
Monitor for bias-aligned breakouts
Look for FVG retest opportunities
Enter trades with ORB-based stop losses
Risk Management:
Stop loss placement: Outside ORB range boundaries
Position sizing: Based on range width volatility
Trade direction: Must align with calculated range bias
🎨 UNIQUE VISUAL IMPLEMENTATION
📊 Advanced Visualization Features
Multi-layered zone rendering with transparency controls
Dynamic range boxes that adapt to price movement
Smart label positioning to avoid chart clutter
Color-coded bias indication through range fills
Progressive FVG display with automatic cleanup
🔧 TECHNICAL SPECIFICATIONS
⚙️ Performance Optimizations
Efficient array management for FVG tracking
Memory optimization through historical data cleanup
Smart rendering to prevent chart overload
Error handling for edge cases and invalid timeframes
📈 Compatibility
All timeframes under 1 day
All instruments (Forex, Stocks, Crypto, Futures)
All chart types with overlay capability
Mobile and desktop platform support
🏆 WHAT MAKES THIS DIFFERENT FROM OTHER INDICATORS
❌ Standard ORB indicators: Only show basic range breakouts without bias consideration
❌ Basic FVG indicators: Don't integrate with session analysis or range systems
❌ Session indicators: Simply highlight time periods without actionable trading signals
❌ Moving average indicators: Don't adapt to session dynamics
✅ Elite Zone Master Pro: Combines all elements with proprietary logic for a complete trading system
📋 USE CASES & MARKET APPLICATION
🎯 Primary Applications
Forex day trading during major session overlaps
Index futures scalping using session-specific ranges
Cryptocurrency swing trading with 24/7 session analysis
Stock market opening range breakout strategies
📊 Performance Characteristics
Best performance: During high-volatility session transitions
Optimal timeframes: 1m to 4H for intraday trading
Risk-reward ratios: Typically 1:2 to 1:4 based on range width
Win rate: Higher probability when all components align
This indicator represents months of development combining institutional trading concepts with retail accessibility. It's not just another indicator - it's a complete trading methodology in one comprehensive tool.
SMC Concepts (Sessions, Lookback Gaps) | קונספטים SMCThe indicator marks the Asian session and the London session in order to see liquidity taking - in addition, it gently marks gaps throughout the entire chart - the indicator marks gaps of a 24/12/6/3 hour back time - from the New York session. The marking of these gaps will be throughout the entire chart until the New York session. Options for selecting a specific time precisely.האינדיקטור מסמן את סשן אסיה ואת סשן לונדון על מנת לראות לקיחת נזילות -בנוסף מסמן בעדינות גאפים לאורך כל הגרף -האינדיקטור מסמן גאפים של זמן לאחור של 24/12/6/3 שעות- מזמן סשן נויורק סימון הגאפים האלו יהיה לאורך כל הגרף עד לסשן נויורק . אפשרויות לבחירת זמן מסוים בדווקה .
ORB & Sessions [Capitalize Labs]ORB & Sessions Indicator
The ORB & Sessions Indicator provides a structured way to analyze intraday price action by combining two well-established concepts: global trading sessions and Opening Range Breakouts (ORB). It is designed to help traders identify where liquidity forms, when volatility expands, and how price behaves around key session and range levels.
Market Sessions Framework
Displays New York, London, and Asian sessions directly on the chart.
Each session can be shown as a highlighted background zone, or with extended highs and lows for liquidity tracking.
Session highs and lows remain projected forward after the session ends, allowing traders to monitor sweeps, retests, and reactions throughout the day.
Session times are fully customizable and can be aligned with the trader’s own timezone or broker feed.
This structure helps traders place price action into context, whether during quiet Asian trading, London-driven volatility, or New York reversals.
Opening Range Breakouts (ORB)
Supports three independent ORBs, each with configurable session times.
During the defined ORB window, the indicator captures the high and low of the range and plots a live updating box.
Once the ORB closes, the range locks and projects breakout targets (T1 and T2) based on user-defined risk-to-reward multiples.
Alerts are included for breakouts of highs, lows, or target levels.
Traders can use a single ORB or multiple—for example, tracking an Asian ORB into London, or London into New York.
Visualization and Clarity
Color-coded boxes and levels for sessions and ORBs.
Labels such as “Range High” and “Range Low” ensure clarity without clutter.
Flexible display settings allow highlighting full zones, just lines, or minimal markers depending on preference.
Practical Applications
This indicator is useful for:
Liquidity and volatility analysis: Observe where session highs and lows form and how they influence later trading.
Breakout and reversal strategies: Use ORB ranges to define risk and plan target projections.
Time-based research: Explore how different session overlaps or ORBs affect markets like indices, FX, and commodities.
Risk planning: Built-in R-multiple targets provide a consistent framework for evaluating setups.
Why It’s Different
Instead of showing sessions and ORBs separately, this indicator integrates them into one framework. Traders can:
See when and where sessions open and establish range levels.
Define precise ORBs with customizable timing.
Track breakout levels and targets in real time with alerts.
The result is a clear, time-structured view of the trading day, helping traders align setups with session dynamics and opening range behavior.
This indicator does not generate buy or sell signals. It is an analytical and visualization tool, providing structure for traders to better interpret intraday price action.
Simple Sessions & LevelsWhat this indicator does:
This script marks out two essential types of price levels for intraday and swing traders:
The high and low of a customizable 15-minute opening range after the market/session open.
The previous day’s high, midpoint (“halfback”), and low.
How it works:
The script lets you set the session start time (hour and minute) to match your market.
It then calculates the high and low of the first 15 minutes after the session opens and plots those as solid lines.
It also plots the prior day’s high, halfback (midpoint), and low on your chart for easy reference.
Each line and each label can be toggled on or off independently in the settings for maximum customization.
Colors for each level are also fully customizable.
How to use it:
Add the script to your chart.
Set the session start hour and minute to match the open of the market or instrument you trade.
Choose which levels and labels you want displayed by using the toggles in the settings.
The indicator will automatically draw the session range and prior day levels for you.
Use these lines as reference for key support, resistance, and potential trade entry/exit points.
What makes it unique and useful:
This tool combines a flexible session opening range with classic daily reference levels in one package. You have complete control over which levels and labels are shown, making it adaptable for any trading style. It’s especially useful for day traders who want to quickly identify volatility windows and the most important price levels from the previous session.
TradeJorno - Time + Price Levels
Tired of manually drawing and updating important ICT or SMC time and price levels on your charts every day?
Here’s an indicator to draw important TIME and PRICE levels automatically.
Here’s what you can highlight in realtime on your charts:
1. Previous major highs and lows
⁃ Previous daily and weekly highs and low
- Weekly dividing lines
2. Session highs/lows
⁃ Plot the high and low of Asia and London sessions.
⁃ Customise the timeframe and appearance on the chart.
- Previous session settlement price.
3. Various price levels
⁃ Pre-market opening prices : midnight, 7:30 and 8:30
⁃ Regular market opening prices: 9:30, 10:00, 14:00
- end of session settlement prices
4. Market opening range high and low
⁃ Lines extending throughout the current session
⁃ Customise the timeframe and appearance on the chart.
5. ICT Macro times
- Draw customisable vertical lines and labels to indicate the start of each ICT macro
period.
Let us know in the comments below if there’s anything else we need to add!
STDZ - Global Trading Sessions📊 STDZ - Global Trading Sessions (GTS)
STDZ - Global Trading Sessions (GTS) is an indicator that overlays global market session data directly on your intraday charts. It visualizes trading sessions from different time zones, helping intraday traders quickly assess volatility, session ranges, and structural market behavior across global financial centers. The default setting is enough to cover all the major stock markets opening time including:
• Asia: Sydney, Tokyo, Hong Kong
• Europe: Frankfurt, London
• North America: New York
⸻
🚀 Features
• 🔹 Session Visualization: Up to 3 configurable trading sessions with customizable:
• Session time windows
• Time zones (IANA or GMT format)
• Colors
• Session labels
• 🔹 Session Metrics:
• Open, High, Low, and Average lines
• Session range measurement
• 🔹 Statistics Table:
• Live display of each session’s range
• Daily and Weekly True Range / ATR
• 🔹 Session Open Highlights: Vertical lines for weekly changes to contextualize price action
• 🔹 Dynamic Chart Objects: Lines, boxes, and labels update in real time as sessions progress
• 🔹 🕒 Timezone-aware session rendering (supports daylight saving)
Umesh BC IST 3:30 AM Session Tracker + 4H Candles📌 IST 3:30 AM Session Tracker + 4H Candle Marker
This indicator is designed for traders who follow Indian Standard Time (IST) and want precise session tracking and 4H candle insights.
🔧 Features:
🕒 Daily Session Start at 3:30 AM IST
Automatically detects and marks the beginning of each new trading day based on 3:30 AM IST, not midnight.
Displays session Open, High, and Low lines.
Background shading for each session.
Customizable alert when a new day starts.
🟧 4H Candle Start Markers (IST Time)
Identifies every new 4-hour candle that starts at:
3:30, 7:30, 11:30, 3:30 PM, 7:30 PM, 11:30 PM IST
Adds a vertical line and label ("🟧 4H") above the candle.
Plots a dynamic line for the 4H candle's opening price.
Includes optional alert for new 4H candles.
🔔 Alerts Included:
"🕒 New IST Day Start": Triggers at 3:30 AM IST.
"🟧 New 4H Candle": Triggers at each 4H candle start (IST).
✅ Best for:
Intraday, swing, and institutional traders using IST-based analysis.
Those wanting more accurate daily sessions and clear candle structuring.
Previous Day, Week, Monday Liq + Asian, London & Ny session LiqGM Gs,
This indicator helps traders identify key liquidity levels from different market sessions (Asian, London, NY), as well as weekly and daily highs/lows. It automatically plots these levels on the chart, making it easier to spot potential support/resistance zones where price might react.
Key Features:
1. Multi-Timeframe Liquidity Zones
Previous Day High/Low – Tracks the prior day’s range.
Monday High/Low – Useful for weekly opening liquidity.
Previous Week High/Low – Helps identify broader weekly levels.
2. Customizable Session Times
Asian, London, and NY Session Highs/Lows – Automatically detects and plots key levels from each trading session.
Adjustable Time Zones – Supports multiple GMT offsets (GMT-8 to GMT+3), making it adaptable for traders worldwide.
3. Visual Customization
Color & Style Options – Each level type (e.g., London High, NY Low) can be customized in color, line style (solid, dashed, dotted), and width.
Faded Opacity for Swept Levels – When a level is swept (price breaks but closes beyond it), it becomes semi-transparent, helping traders distinguish active vs. invalidated levels.
4. Clean & Informative Labels
Each level has a clear label (e.g., "Asia High," "PW Low") for easy identification.
Adjustable label offsets prevent clutter on the chart.
Pros & Benefits for Traders:
✅ Helps Identify Key Liquidity Zones – Institutional traders often target session highs/lows for liquidity grabs. This indicator makes these levels visible at a glance.
✅ Adaptable to Different Trading Styles
Day Traders – Can use Asian/London/NY session levels for intraday setups.
Swing Traders – Can focus on weekly and Monday levels for broader trends.
✅ No Repainting – Levels are fixed once formed and do not change retroactively.
✅ Customizable for Personal Preference – Traders can adjust colors, line styles, and visibility to match their trading setup.
✅ Useful for Multiple Markets – Works well on Forex (major pairs), indices, and even crypto (due to 24/7 market structure similarities).
Suggested Use Cases:
Breakout Trading – Watch for price reactions at session highs/lows.
Mean Reversion – Fade moves into weekly or daily extremes.
Institutional Liquidity Analysis – Identify potential stop hunts or accumulation zones.
Conclusion:
This indicator is a powerful tool for traders who rely on session-based liquidity, institutional order flow, and key support/resistance levels. By automating the detection of these zones, it saves time and helps traders make more informed decisions.
GG - LevelsThe GG Levels indicator is a tool designed for day trading U.S. equity futures. It highlights key levels intraday, overnight, intermediate-swing levels that are relevant for intraday futures trading.
Terminology
RTH (Regular Trading Hours): Represents the New York session from 09:30 to 17:00 EST.
ON Session (Overnight Session): Represents the trading activity from 17:00 to 09:29 EST.
IB (Initial Balance): The first hour of the New York session, from 09:30 to 10:30 EST.
Open: The opening price of the RTH session.
YH (Yesterday's High): The highest price during the RTH session of the previous day.
YL (Yesterday's Low): The lowest price during the RTH session of the previous day.
YC (Yesterday's Close): The daily bar close which for futures gets updated to settlement.
IBH (Initial Balance High): The highest price during the IB session.
IBL (Initial Balance Low): The lowest price during the IB session.
ONH (Overnight High): The highest price during the ON session.
ONL (Overnight Low): The lowest price during the ON session.
VWAP (Volume-Weighted Average Price): The volume-weighted average price that resets each day.
Why is RTH Important?
Tracking the RTH session is important because often times the overnight session can be filled with "lies". It is thought that because the overnight session is lower volume price can be pushed or "manipulated" to extremes that would not happen during higher volume times.
Why is the ON Session Important Then?
Just because the ON session can be thought as a "lie" doesn't mean it is relevant to know. For example, if price is stuck inside the ON range then you can think of the market as rotational or range-bound. If price is above the ON range then it can be thought of as bullish. If price is below the ON range then it can be thought as bearish.
What is IB?
IB or initial balance is the first hour of the New York Session. Typically the market sets the tone for the day in the first hour. This tone is similarly a map like the ON session. If we are above the IBH then it is bullish and likely a trend day to the upside. If we are below the IBL then it is bearish and likely a trend day to the downside. If we are in IB then we want to avoid conducting business in the middle of IBH and IBL to avoid getting chopped up in a range bound market.
These levels are not a holy grail
You should use this indicator as guide or map for context about the instrument you are trading. You need to combine your own technical analysis with this indicator. You want as much context confirming your trade thesis in order to enter a trade. Simply buying or selling because we are above or below a level is not recommended in any circumstance. If it were that easy I would not publish this indicator.
Adjustments
In the indicator settings you can adjust the RTH, ON, and IB session-time settings. All of the times entered must be in EST (Eastern Standard Time). You may want to do this to apply the levels to a foreign market.
Examples
Gross and Net LTF Volume + Trailing Percentile Sessions CVOL Hi Traders !
Gross volume, net lower time frame (LTF) volume and trailing session percentile Cumulative session volume:
The code calculates and plots the following volume indicators:
Volume (Gross Volume): The total volume for the current bar.
Net lower time frame volume: The difference between the buy and sell volumes of the lower time frame.
Cumulative daily session volume: The cumulative sum of the volume for the current day.
Percentile Cumulative daily session volume: The percentile of the cumulative daily session volume (calculated on a rolling basis).
The above indicators may be plotted exclusively or exclusively.
Why is Volume important:
Volume is the number of shares or contracts traded (of a financial asset) during a given time period (timeframe). It is a crucial indicator in technical analysis and quantitative trading, as volume helps in identifying
Price Confirmation: Volume confirms price movements by indicating the level of interest and participation in the market. When prices move significantly, accompanied by strong volume, it suggests that the movement is likely to be sustained. Conversely, if prices move without significant volume, it suggests that the movement may be temporary or lacking conviction.
Trend Strength: Volume can help identify the strength and direction of a trend. During an uptrend, increasing volume alongside price increases indicates that the upward momentum is gaining traction. Conversely, decreasing volume during an uptrend suggests that the upward momentum may be weakening.
Reversal Points: Sharp volume spikes in the opposite direction of the prevailing trend can signal a potential reversal point. This is because large volume indicates a significant shift in trader sentiment, suggesting that the trend may be changing direction.
Liquidity: High volume indicates that a security is liquid, meaning that it can be easily bought and sold without significant price impact. Liquidity is important for traders who want to execute large orders without significantly affecting the market price.
For example, suppose we want to identify positive price confirmation and positive trend strength, in this case we may use the CVOL (with trailing percentile).
The above image showcases price expansion conditional on high positive volume (increasing CVOL), The price expansion also exhibits Volume confluences (the colored bars).
Positive Confluence: Increase in positive total volume and an increase in positive lower time frame volume in relative and absolute terms.
Negative Confluence : Increase in negative total volume and an increase in negative lower time frame volume in relative and absolute terms.
Also note how the percentile color does not change, this means that the new volume bars are > than the highest percentile (80%) of volume values from the beginning of the session.
Bot Controller V1.1This script allows you to define various trading sessions with alerts for when the session starts and ends. This allows you to do things like switch your trading bots off while you are sleeping.
It starts with default settings for weekday daytime, evening, nighttime, and weekends
Setup recommendations:
Use the Timezone setting in the indicator to match your trading view timezone setting to have alerts triggered when you expect
Add alerts from a lower TF e.g 1min chart
Use once per bar for the alerts
Notes on alerts:
If you have a session stop then immediately have another starting with no time break in between the start/stop alerts may overlap/trigger at the same time so it's probably best just to use the stop or start alerts for each session.
FXN - Asian Session RangeThe Asian Session Range is an indicator that draws a box around the Asian session range which runs from 20.00 pm to 02.00 am EST. It then provides lines that extend into the London and New York sessions that identify the high, low and mid-range of the Asian session.
The indicator is designed to be used on the 15 minute timeframe, although it does work on any timeframe up to a from 1 minute to a 4 hour chart, after which the indicator does not make any sense. All settings from session times, line width, style and colors can be changed through the settings, with the default configuration being for the Asian session and the light-themed user interface of TradingView.
Opening Range & Session Liquidity [LTS]“Opening Range & Session Liquidity ” is an intraday planning tool that combines a configurable Opening Range box with session highs/lows and previous-day reference levels. It is designed to help you visualize where liquidity is likely to build up around the cash open and major global sessions, without making any forecasts or performance promises. It is designed with our signature attention to user customization and accessibility.
Opening Range & Bias
The script builds a configurable Opening Range (OR) in New York time (default 08:00–08:15 on a 15-minute basis), regardless of your chart timeframe (up to 1-hour). The high, low, and midline of this window are drawn as a transparent box and dashed midline that extend forward so you can see how the session trades around that range.
At a user-defined Bias Check Time (default 09:30–09:31 NY), the script classifies the OR as:
Bullish if price is above the OR high
Bearish if price is below the OR low
Neutral if price is still trading inside the OR
The box color updates to reflect the current bias if bias mode is enabled. All OR parameters (formation window, bias check, colors, maximum number of zones, etc.) are adjustable.
Entry Signal Logic
The indicator can optionally generate non-repainting visual signals when price interacts with the OR midline.
1. 9:30 Bias mode (trend-following)
A directional bias is locked in at the bias check time.
Signals trigger only when price trades through the OR midline inside the box, aligned with that bias:
Bullish bias → long signal when price touches the midline from below and closes inside the range.
Bearish bias → short signal when price touches the midline from above and closes inside the range.
Each “episode” can fire only once; signals are confirmed on the bar where the conditions first become true.
2. Entry Direction mode (reaction to first touch)
Instead of using a fixed 9:30 bias, the script detects from which side price first enters the OR (from above or from below).
That “entry direction” stays active until price fully exits and closes outside the OR again.
When price later touches the midline while the entry direction is defined, a single long or short signal is triggered based on the stored direction of entry.
In both modes, historical signals are plotted without using future data; only the real-time bar can change state until it closes.
Optional TP/SL Visualization
When a long or short signal appears, the script can draw simple take-profit/stop-loss boxes to illustrate a basic one-trade idea:
Stop-loss distance can be defined as:
A fixed number of points beyond the OR high/low, or
A percentage of ATR (configurable length and percent).
Take-profit is automatically placed at a user-defined risk-to-reward multiple of that stop distance.
The boxes extend forward bar by bar and stop updating once either TP or SL is touched, or when a new OR session resets the context.
These boxes are for visualization only and do not place or manage orders.
Session Liquidity & PDH/PDL
To help you map where liquidity frequently builds up, the script tracks three configurable intraday sessions in New York time:
Asian session (default 18:00–02:00)
London session (default 03:00–08:00)
New York session (default 09:30–16:00)
For each completed session, the indicator records the session high and low, then:
Draws solid horizontal lines and labels (e.g., “Asia Hi/Lo”, “London Hi/Lo”, “NY Hi/Lo”).
Extends these solid lines to the right as long as they remain untouched by price.
When price first trades through a level, the solid line is cut at that bar and replaced by a dashed line that extends only until the next session of the same type begins.
Older sessions are automatically removed according to the “Max Sessions to Display” setting to reduce chart clutter.
In addition, the indicator plots:
Previous Day High (PDH) & Previous Day Low (PDL)
Previous Day Point of Control (PDPoC) – an approximate volume-weighted price computed from intraday data using a simple binning approach on a user-chosen lower timeframe.
Like the session levels, PDH/PDL/PDPoC start as solid lines. After the first touch, each level switches to a dashed style and continues only until the following trading day, at which point the previous day’s dashed lines are stopped and new levels are created.
Info Table & Multi-Timeframe Logic
An optional on-chart info table summarizes the most recent Opening Range:
OR high, low, and midline
Current OR range in points
Active mode (9:30 Bias vs. Entry Direction)
Current bias or entry-direction status
Whether a signal is “Waiting”, “Armed”, or “Triggered”
Whether the OR was built from the chart timeframe or from a 15-minute higher-timeframe feed
If your chart timeframe is higher than the OR calculation timeframe, the script automatically uses multi-timeframe data to build a consistent OR, while enforcing a maximum chart timeframe of 1-hour for reliability.
How to Use This Tool
Use the OR box and bias to define your primary intraday context around the cash open.
Use session highs/lows and PDH/PDL/PDPoC as objective reference levels for where price may react or where stops and liquidity might cluster.
Treat the signal markers and TP/SL boxes as visual guides only. They can help you structure trade ideas, but they are not a trading system by themselves.
Always confirm levels and signals with your own analysis, risk management, and execution rules.
Limitations & Notes
The script is intended for intraday charts up to 1-hour. By the nature of the information being displayed, any time frame above that may result is undesirable visual clutter.
The POC calculation is an approximation based on lower timeframe bar-level volume and binning; it is not a tick-by-tick volume profile.
Signals and levels update in real time on the current forming bar. Once a bar closes, completed historical signals do not repaint, but the last live bar can change until it closes.
The indicator does not use lookahead or offset plotting into the past; it is not designed to predict the future or guarantee any particular trading result.
Always test settings on a demo environment first and manage risk according to your own plan.
Trading Sessions Low and HighVisualize and analyze different trading sessions (Tokyo, London, New York) on your charts.
Key Features:
Colored Session Zones: Displays colored rectangles to visually identify each active trading session
Smart High/Low Lines:
Draws horizontal lines at the highest and lowest points of each session
These lines automatically extend forward in time until a candle crosses them
Helps identify support/resistance levels created during each session
Detailed Session Information:
Range (difference between highest and lowest points)
Average price of the session
Open and close lines
Full Customization:
Choose the number of historical sessions to display (e.g., last 10, 20 sessions)
Line style and width for high/low lines
Enable/disable each element independently
Trading Benefits:
Identify liquidity zones created during each session
Spot key levels that continue to influence price after a session closes
Analyze volatility and price behavior across different sessions
Detect breakouts of important levels established during previous sessions
Global Sessions by Back Ground ColorGlobal Sessions Background Color Indicator
This free TradingView tool visually highlights major global trading sessions directly on your chart using clean, professional color coding. It’s designed to help traders quickly identify periods of high liquidity and overlapping sessions, which often drive volatility and key price movements.
Features:
Session Highlights: Marks Asian, European (London), US (New York), and Overnight sessions with distinct background colors.
Overlap Detection: Special colors for overlapping sessions (e.g., London + New York).
Market Open/Close Alerts: Displays labels for major financial centers when they open or close.
Timezone-Aware: Automatically adjusts to Europe/Amsterdam (modifiable for your needs).
Clean Design: Uses a light, professional color palette for easy chart readability.
Why Use It?
Session timing is critical for spotting breakouts, reversals, and liquidity shifts. This indicator gives traders a clear visual edge without cluttering the chart—perfect for scalpers, day traders, and swing traders.
Completely free for the TradingView community – built by a trader, for traders.
How to Use the Global Sessions Indicator
This indicator automatically highlights major trading sessions on your chart using background colors. It helps you quickly identify when liquidity and volatility are likely to increase.
Color Guide:
Light Sky Blue → Asian Session (Tokyo, Sydney)
Active from 02:00 to 12:00 Amsterdam time. Often quieter but sets early trends.
Light Coral → European Session (London, Frankfurt)
Active from 09:00 to 17:30 Amsterdam time. Brings strong liquidity and trend continuation.
Light Green → US Session (New York, Chicago)
Active from 15:30 to 22:00 Amsterdam time. High volatility, major moves often occur here.
Gold/Yellow → Overnight/Wellington
Active from 23:00 to 02:00 Amsterdam time. Low liquidity, pre-Asia positioning.
Overlap Colors:
Orchid (Pinkish) → Asia + Europe Overlap
Indicates transition from Asia to London—watch for breakouts.
Light Salmon → Europe + US Overlap
The most volatile period of the day—ideal for intraday traders.
Extra Feature:
Labels show market open/close times for major financial centers (e.g., London Open, New York Close).
SW's Asia/London H/L'sAccurate Asia and London (with other session) High's and Low's. As well as NY Pre-market and opening bell, and end of day vertical lines. Also created 4 slots in UI to be able to set specific vertical lines with custom label options.
Global Sessions Background (Auto DST) — US · EU · ASIA[by Irum]목적 & 정의 (KR/EN)
목적 (KR)
차트에 미국/유럽/아시아 주요 세션을 자동으로 음영 처리하여, 시세 흐름을 세션 맥락(개장/중첩/점심 휴장 등) 속에서 빠르게 파악하도록 돕습니다. DST(서머타임)를 IANA 타임존 기반으로 자동 반영합니다.
Definition (EN)
Shade the chart background for US/EU/ASIA sessions so you can instantly read price action in the right session context (open/overlap/lunch break). Daylight Saving Time is auto-handled via IANA time zones.
설정 메뉴 매뉴얼 (KR/EN)
1) 시각화 / Visualization
투명도 / Transparency (int 0~100, 기본 85)
KR: 배경 투명도. 0=진하게, 100=완전 투명.
EN: Background opacity. 0=solid, 100=fully transparent.
표시 우선순위 / Draw Priority (옵션)
KR: 세션 겹침 시 오른쪽 항목일수록 최종 표시. 예) US > EU > ASIA면 US가 최우선.
EN: When sessions overlap, the rightmost wins. E.g., US > EU > ASIA gives top priority to US.
세션 라벨 표시 / Show session labels (bool)
KR: 세션 시작봉에 “US/EU/ASIA” 라벨을 소형으로 표시.
EN: Drops a tiny “US/EU/ASIA” label at each session start bar.
2) 미국장 / US Session
미국장 배경 표시 / Show US session (bool)
KR: 미국장 음영 켬/끔.
EN: Toggle US shading.
미국 타임존 (IANA) / US Timezone (IANA) (string)
KR: 기본 America/New_York. IANA이므로 DST 자동 반영.
EN: Default America/New_York. IANA tz, DST auto-handled.
정규장(RTH) / Regular Trading Hours (session)
KR: 기본 0930-1600. 필요 시 수정.
EN: Default 0930-1600. Adjust as needed.
프리마켓·애프터 포함 / Include pre/after (bool)
KR: 프리마켓/애프터 시간도 함께 음영.
EN: Include pre-market and after-hours shading.
프리마켓 / Pre-market (session), 애프터마켓 / After-hours (session)
KR/EN: 세부 시간 개별 지정.
배경색 / Background color (color)
KR/EN: 미국장 음영 색상.
3) 유럽장 / Europe Session
유럽장 배경 표시 / Show EU session (bool)
유럽 타임존 (IANA) / Europe Timezone (IANA) (string) — 기본 Europe/London
정규장 / Regular Trading Hours (session) — 기본 0800-1630
배경색 / Background color (color)
(KR/EN 동일 의미. DST 자동 반영.)
4) 아시아장 / Asia Session
아시아장 배경 표시 / Show Asia session (bool)
아시아 타임존 (IANA) / Asia Timezone (IANA) (string) — 기본 Asia/Seoul
분할세션 사용(점심휴장) / Use split sessions (bool)
KR: 켜면 오전/오후(점심 휴장)로 분할 적용.
EN: If ON, use morning/afternoon split around lunch break.
연속 세션 / Continuous session (session) — 기본 0900-1530
오전 / Morning (session) — 기본 0900-1130
오후 / Afternoon (session) — 기본 1230-1530
배경색 / Background color (color)
IDKFAIDKFA - Advanced Order Blocks & Volume Profile with Market Structure Analysis
Why IDKFA?
Named after the legendary DOOM cheat code that gives players "all weapons and full ammo," IDKFA provides traders with a comprehensive arsenal of market analysis tools. Just as the cheat code arms players with everything needed for combat, this indicator equips traders with essential market structure tools: Order Blocks, Volume Profile, LVN/HVN areas, Fibonacci retracements, and intelligent buy/sell signals - all in one unified system.
Core Features
Order Blocks Detection
Automatically identifies institutional order blocks using pivot high/low analysis
Extends blocks dynamically until price interaction occurs
Bullish blocks (demand zones) and bearish blocks (supply zones)
Customizable opacity and extend functionality
Advanced Volume Profile
Real-time volume profile calculation for multiple session types
Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL)
Mode 1: Side-by-side bull/bear volume display
Mode 2: Overlapped volume display with percentage analysis
Shows buying vs selling pressure at each price level
LVN/HVN Area Detection
Low Volume Nodes (LVN): Areas below VAL where price moves quickly
High Volume Nodes (HVN): Areas above VAH with strong resistance
NPOC (Naked Point of Control): Single print areas within Value Area
Volume-based gradient coloring shows relative activity levels
Smart Fibonacci Retracements
Auto-detects trend direction for proper fibonacci orientation
Dynamic color coding: Red levels in uptrends, Gold in downtrends
Special 88.6% level turns lime green in downtrends
Key levels: 23.6%, 38.2%, 50%, 61.8%, 65%, 78.6%, 88.6%
Intelligent Signal System
Works best on higher timeframes
Identifies high-probability reversal setups at key levels
Buy signals: Large bearish rejection followed by bullish reclaim
Sell signals: Large bullish rejection followed by bearish breakdown
Signals only trigger near significant support/resistance areas
Signal Analysis & Usage Guidelines
Buy Signal Mechanics
The buy signal triggers when:
Previous candle shows significant bearish movement (minimum ATR multiplier)
Current candle reclaims a configurable percentage of the previous candle's range
Price is near a key support level (order blocks, fibonacci, volume levels)
Sell Signal Mechanics
The sell signal triggers when:
Previous candle shows significant bullish movement (minimum ATR multiplier)
Current candle rejects below a configurable percentage of the previous candle's range
Price is near a key resistance level (order blocks, fibonacci, volume levels)
When to TAKE Signals
High Probability Buy Signals:
Signal appears AT or BELOW the VAL (Value Area Low)
Signal occurs at bullish order block confluence
Price is in LVN area below VAL (momentum acceleration zone)
Signal aligns with fibonacci 61.8% or 78.6% support
Multiple session POC levels provide support confluence
Previous session's VAL acting as current support
High Probability Sell Signals:
Signal appears AT or ABOVE the VAH (Value Area High)
Signal occurs at bearish order block confluence
Price is in HVN area above VAH (heavy resistance zone)
Signal aligns with fibonacci 61.8% or 78.6% resistance
Multiple session POC levels provide resistance confluence
Previous session's VAH acting as current resistance
When to AVOID Signals
Avoid Buy Signals When:
Signal appears ABOVE the VAH (buying into resistance)
Price is in HVN red zones (high volume resistance areas)
No clear support structure below current price
Volume profile shows heavy selling pressure (high bear percentages)
Signal occurs during low-volume periods between major sessions
Multiple bearish order blocks exist below current price
Avoid Sell Signals When:
Signal appears BELOW the VAL (selling into support)
Price is in LVN green zones (momentum could continue)
No clear resistance structure above current price
Volume profile shows heavy buying pressure (high bull percentages)
Signal occurs during Asian session ranges without clear direction
Multiple bullish order blocks exist above current price
Volume Profile Context for Signals
Understanding Bull/Bear Percentages:
70%+ Bull dominance at a level = Strong support expected
70%+ Bear dominance at a level = Strong resistance expected
50/50 Split = Neutral zone, less predictable
Use percentages to gauge conviction behind moves
POC (Point of Control) Interactions:
Signals above POC in uptrend = Higher probability
Signals below POC in downtrend = Higher probability
Signals against POC bias require extra confirmation
POC often acts as magnetic level for price return
Trading Strategies
Strategy 1: VAL/VAH Bounce Strategy
Wait for price to approach VAL (support) or VAH (resistance)
Look for signal confirmation at these critical levels
Enter with tight stops beyond the Value Area
Target opposite boundary or next session's levels
Strategy 2: Order Block + Volume Confluence
Identify order block alignment with VAL/VAH
Wait for signal within the confluence zone
Enter on signal with stop beyond order block
Use LVN areas as acceleration zones for targets
Strategy 3: LVN/HVN Strategy
LVN (Green) Areas: "Go Zones" - expect quick price movement through low volume
HVN (Red) Areas: "Stop Zones" - expect resistance and potential reversals
NPOC Areas: "Fill Zones" - price often returns to fill single print gaps
Strategy 4: Multi-Session Analysis
Use Daily/Weekly for major structure context
Use 4H for intermediate levels
Use 1H for precise entry timing
Ensure all timeframes align before taking signals
Strategy 5: Fibonacci + Volume Profile
Buy signals at 61.8% or 78.6% fibonacci near VAL
Sell signals at 61.8% or 78.6% fibonacci near VAH
Use 88.6% level as final support/resistance before major moves
50% level often aligns with POC for confluence
Signal Quality Assessment
Grade A Signals (Highest Probability):
Signal at VAL/VAH with order block confluence
Fibonacci level alignment (61.8%, 78.6%)
Volume profile shows 70%+ dominance in signal direction
Multiple timeframe structure alignment
Signal occurs during high-volume sessions (London/NY)
Grade B Signals (Moderate Probability):
Signal near POC with some confluence
Fibonacci 50% or 38.2% alignment
Mixed volume profile readings (50-70% dominance)
Some timeframe alignment present
Signal during overlap sessions
Grade C Signals (Lower Probability):
Signal with minimal confluence
Weak fibonacci alignment or none
Volume profile neutral or against signal
Conflicting timeframe signals
Signal during low-volume periods
Risk Management Guidelines
Position Sizing Based on Signal Quality:
Grade A: Standard position size
Grade B: Reduced position size (50-75%)
Grade C: Minimal position size (25%) or skip entirely
Stop Loss Placement:
Beyond order block boundaries
Outside Value Area (VAL/VAH)
Below/above fibonacci confluence levels
Account for session volatility ranges
Profit Targets:
First target: Opposite VAL/VAH boundary
Second target: Next session's key levels
Final target: Major order blocks or fibonacci extensions
Credits & Attribution
Original components derived from:
Market Sessions & Volume Profile by © Leviathan (Mozilla Public License 2.0)
Volume Profile elements inspired by @LonesomeTheBlue's volume profile script
Pivot Order Blocks by TradingWolf / © MensaTrader (Mozilla Public License 2.0)
Auto Fibonacci Retracement code (public domain)
Significant enhancements and modifications include:
Advanced LVN/HVN detection and visualization
Bull/Bear percentage analysis for Mode 2/3
Comprehensive alert system with market context
Integrated buy/sell signals at key levels
Performance optimizations and extended session support
Enhanced Mode 2/3 with percentage pressure analysis
Important Disclaimers
This indicator is a technical analysis tool designed for educational purposes. It does not provide financial advice, investment recommendations, or trading signals that guarantee profits. All trading involves substantial risk of loss, and past performance does not guarantee future results. Users should conduct their own research, understand the risks involved, and consider consulting with qualified financial advisors before making trading decisions. The signals and analysis provided are based on historical price patterns and volume data, which may not predict future market movements accurately.
Best Practices
Never trade signals blindly - always consider volume profile context
Wait for confluence between multiple tools before entering
Respect the Value Area - avoid buying above VAH or selling below VAL
Use session context - Asian ranges vs London/NY breakouts
Practice proper risk management - position size based on signal quality
Understand the bigger picture - use multiple timeframes for context
Remember: Like the IDKFA cheat code, having all the tools doesn't guarantee success. The key is learning to use them together effectively and understanding when NOT to take a signal is often more important than knowing when to take one.
Market Sessions and OverlapsMarket Sessions and Overlaps Indicator
This script, titled " Market Sessions and Overlaps ," provides a detailed visualization of major global trading sessions—Asia, Europe, and New York—along with the periods where these sessions overlap. It is designed to assist traders in understanding session timings and overlaps in their local time zone. Key features include:
Session Visualization: Highlights the Asia, Europe, and New York trading sessions directly on the chart with customizable colors and transparency for better clarity.
Overlap Identification: Marks the overlapping periods between Asia-Europe and Europe-New York sessions, where market activity often intensifies, with distinct candle colors.
Time Zone Support: The script allows users to select their local time zone, ensuring all session times are displayed accurately, no matter the user’s location.
Alerts for Key Events: Includes optional alerts to notify users of session openings, closings, and the start or end of overlap periods.
This indicator serves as a visual tool for tracking session-specific activity and liquidity. It is configurable to match individual preferences, enabling better alignment with trading strategies.
Disclaimer: This script is for informational purposes only and does not provide financial advice. Please consult a licensed financial advisor for personalized trading guidance.
Simple Volume Profile with POC (Daily/4H Sessions) [Enhanced]Simple Volume Profile with a Point of Control (POC). The script does the following:
Accumulates volume in user-defined “bins” (price buckets) for a session.
Resets the volume accumulation each new “session”:
On a Daily chart, it considers weekly sessions (resets each Monday).
On a 4H chart, it considers daily sessions (resets at the start of each trading day).
Finds the Point of Control (the price bin with the highest accumulated volume).
Plots the histogram and the POC line on the chart.
asia session w shieldIntroduction
This Script displays the Asia Session Range
Description
The Indicator is based on UTC -7 timing but displays the Session Boxes automatically correct at your chart so you do not have to adjust any timings based on your Time Zone and don't have to do any calculations based on your UTC. It is already perfect.
You will see on default settings the blue Asia Box, the special ' invalid shield ' feature is there because first two hours are spread timing.
Most Timing-based Indicators have "bugged" boxes or don't show clean boxes at all and don't adjust at daylight savings times, we made sure that everything automatically gets adjusted so you don't have to! So the timings will always display at the correct time regarding the daylight savings times.
Combining Timing with Liquidity Zones the right way and in a clear, clean, and simple format.
Different than others this script also shows the "true" Asia range as it respects the "day open gap" which affects the Asia range in other scripts and it also covers the full 8 hours of Asia Session.
Recommended Use
The most beautiful display is on the M5 Timeframe as you have a clear overview of all sessions without losing the intraday view. You can also use it on the M1 for more details or the M15 for the bigger picture. The Template can hide on higher time frames starting from the H1 to not flood your chart with boxes.
How to use the Asia Session Range Box
Use the Asia Range Box as your intraday Guide, keep in mind that a Breakout of Asia high or low induces Liquidity and a common price behavior is a reversal after the fake breakout of that range.
Day Trading Booster by DGTTiming when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney , Tokyo , London and New York sessions
Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open
There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports. When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds
Cryptocurrency markets on the other hand remain open 24/7, even during public holidays
Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend.
Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself
One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next
In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction
The Bottom Line
The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order)
The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep
What does the Day Trading Booster do?
Day Trading Booster is designed ;
- to assist in determining market peak times, the times where better trading opportunities may arise
- to assist in determining the probable trading opportunities
- to help traders create their own strategies. An example strategy of when to trade or not is presented below
For Forex markets specifically includes
- Opening channel of Asian session, Europien session or both
- Opening price, opening range (5m or 15m) and day (session) range of the major trading center sessions, including Frankfurt
- A tabular view of the major forex markets oppening/closing hours, with a countdown timer
- A graphical presentation of typically traded volume and various forext markets oppening/clossing events (not only the major markets but many other around the world)
For All type of markets Day Trading Booster plots
- Day (Session) Open, 5m, 15m or 1h Opening Range
- Day (Session) Referance Levels, based on Average True Range (ATR) or Previous Day (Session) Range (PH - PL)
- Week and Month Open
Day Trading Booster also includes some of the day trader's preffered indicaotrs, such as ;
- VWAP - A custom interpretaion of VWAP is presented here with Auto, Interactive and Manual anchoring options.
- Pivot High/Low detection - Another custom interpretation of Pivot Points High Low indicator.
- A Moving Average with option to choose among SMA, EMA, WMA and HMA
An example strategy - Channel Bearkout Strategy
When day trading a trader usually monitors/analyzes lower timeframe charts and from time to time may loose insight of what really happens on the market from higher time porspective. Do not to forget to look at the larger time frame (than the one chosen to trade with) which gives the bigger picture of market price movements and thus helps to clearly define the trend
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
